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Printable Form Schedule K-1 (1065-B) Olathe Kansas: What You Should Know

View or print individual tax forms for 2024 here: 2024 Individual Income Tax Returns with Kansas Form 1040 and K-1s The IRS requires that all state returns include copies of the federal Form 1090-DIV and schedule A to report income from each source, such as capital gain distributions, qualified dividend distributions, and qualified interest distributions, and any credits allowed from the state. This is not required in Kansas. There are exceptions to this rule where withholding and reporting differs from that required by the IRS. See Kansas Form 1090-DIV (PDF version) and Schedule A (PDF) for more information. Individual Income Tax In Kansas, the individual income tax is based on total adjusted gross income, and the tax rate is determined by the number of dependents in the joint return. For 2017, the rate is 3.2% on joint returns with two or more taxpayers. For joint returns that file after June 30, 2018, the rate is 8.92% on joint returns with two or more taxpayers. If more than one spouse (including a surviving spouse) files a joint 2024 income tax return, then the income tax is calculated using joint tax returns and the combined tax due is divided among the parents or children based on their joint filing status. If only one filed a joint return, then the combined tax and due are collected. See Kansas Form 5063 for the details. If one spouse has two or more other dependents, then the tax is calculated based on the income tax withheld from the spouse filing the return (assuming that their combined income does not exceed the applicable amount of withholding credit). (If all the other dependents are not part of the income of the dependent filer, then the filer will get no credit or “zero credit” on his/her filing.) For joint returns and the 2024 filing season, the tax is collected and remitted the same-day by electronic check. For subsequent filers, there is a 10.00% credit on the federal tax unless the joint return is filed by October 15. The credit may be claimed on the Kansas Income Tax Return, and may be carried over from one year to the next. See the Kansas Form 5063 for details. The tax paid may reduce the amount of the tax due on the return. If the tax due is substantially more than the amount of tax paid as a credit to the spouse, then the credit could increase the tax due.

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